Insider Buying: Calfrac Well Services Ltd. (TSE:CFW) Director Acquires 530,400 Shares of Stock

Calfrac Well Services Ltd. (TSE:CFW - Get Free Report) Director Charles Pellerin purchased 530,400 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of C$3.60 per share, for a total transaction of C$1,909,440.00.

Charles Pellerin also recently made the following trade(s):

• On Monday, February 24th, Charles Pellerin purchased 336,800 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.95 per share, for a total transaction of C$1,330,360.00.
• On Friday, February 21st, Charles Pellerin purchased 24,200 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.90 per share, for a total transaction of C$94,380.00.
• On Tuesday, February 18th, Charles Pellerin purchased 6,300 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.82 per share, for a total transaction of C$24,066.00.
• On Friday, February 14th, Charles Pellerin purchased 146,800 shares of Calfrac Well Services stock. The stock was bought at an average cost of C$3.85 per share, for a total transaction of C$565,180.00.
• On Thursday, February 6th, Charles Pellerin bought 142,700 shares of Calfrac Well Services stock. The shares were acquired at an average cost of C$3.85 per share, for a total transaction of C$549,395.00.
• On Wednesday, January 29th, Charles Pellerin bought 6,400 shares of Calfrac Well Services stock. The shares were acquired at an average cost of C$3.75 per share, for a total transaction of C$24,000.00.

Calfrac Well Services Price Performance

Shares of CFW stock traded up C$0.13 during mid-day trading on Friday, hitting C$3.85. 623,186 shares of the stock traded hands, compared to its average volume of 79,026. Calfrac Well Services Ltd. has a twelve month low of C$3.45 and a twelve month high of C$4.85. The firm has a market cap of C$329.83 million, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of -0.30 and a beta of 1.65. The company's 50-day simple moving average is C$3.82 and its 200-day simple moving average is C$3.85. The company has a debt-to-equity ratio of 57.80, a quick ratio of 1.33 and a current ratio of 2.23.

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Analyst Upgrades and Downgrades

CFW has been the topic of several recent analyst reports. Royal Bank of Canada cut their target price on Calfrac Well Services from C$5.00 to C$4.50 and set a "sector perform" rating on the stock in a research note on Friday, March 14th. ATB Capital raised Calfrac Well Services from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$4.50 to C$5.50 in a research note on Tuesday, December 10th. Finally, Atb Cap Markets raised Calfrac Well Services from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th.

About Calfrac Well Services

Calfrac Well Services Ltd provides specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and other well completion services to the oil and natural gas industries in Canada, the United States, Russia, and Argentina. It generates maximum revenue from the United States.